Millionaire Investing by Louis Howard

Real estate Investing:

Intro: As the US is seeing the hottest real estate market in years and income is rising in certain sectors and declining in other sectors. More and more people want t become Millionaire Investors

Tend to your personal finances first

Many prospective investors view real estate as a means to get out of financial trouble. Many real estate “gurus” will advocate this practice and even use it as a selling point to sell their latest and greatest real estate investing system. I am definitely not of this mindset.

Choose a strategy.

There are many ways to make money in real estate investing. You can buy a property and immediately flip it for profit. You can buy a property and hold it banking on an increase in value in the near future. You can buy a property for rental. You can buy a distressed property and make improvements. There are countless ways to make money. The important thing to remember is that each of these strategies carries its own set of “rules”, if you will, for making a profit. Some might say you should never limit yourself to one strategy and I whole-heartedly agree in the over all realm of your real estate portfolio.

Do your research

While this may sound elementary, it’s very easy to get caught up in the emotion of what seems like a good deal and in the process act hastily. Always, and I mean ALWAYS thoroughly investigate a property before you sign anything. Try to determine if the property has suffered any significant damage, find out if the property is in a flood plain, find out if there is more than 1 lien against a property, etc. Create a property inspection checklist up front and check every one off before you decide to do a deal.

Stick to a budget

Decide what you can afford and are willing to spend on a real estate deal and DO NOT deviate. Many real estate investing coaches will tell you not to let a good deal go just because you don’t have the money. “Get creative” they say. While I do not shun the idea of creative financing completely I certainly don’t recommend it for the beginning investor. “Zero Down” deals can be very appealing but they also can increase your risk factor tremendously. In a nutshell, if you can’t afford it, it’s not a good deal.

August 2, 2017 0

Freddie Mac Post Big Profits

WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $1.7 billion for the second quarter, up from the same period of 2016.

The government-controlled company said Tuesday its earnings were boosted by increased income from fees paid by lenders for guaranteeing mortgages in the April-through-June period.

Freddie, based in McLean, Virginia, will pay a dividend of $2 billion to the U.S. Treasury next month. Freddie will have paid a total $110.2 billion in dividends, exceeding its government bailout of $71 billion.

The government rescued Freddie and larger sibling Fannie Mae at the height of the financial crisis in September 2008, after they suffered huge losses from risky mortgages in the housing market bust.

Together the companies received taxpayer aid totaling about $187 billion. The housing market’s gradual recovery, helped by record-low interest rates spurring home purchases, has made Freddie and Fannie profitable again.

Still, the housing market’s revival has been choppy, and it has lagged behind the rest of the economy. Despite the low borrowing rates that could lure prospective homebuyers, the market has remained hampered by tight mortgage credit, rising home prices and stagnating incomes.

August 2, 2017 0

Apple Rich with over 261 Billion In Cash

LOS ANGELES — Consumers are apparently waiting until the fall to buy shiny, new iPhones.

Apple had a decent fiscal third-quarter on Tuesday with sales and earnings that exceeded Wall Street’s expectations.

Apple announced revenue of $45.4 billion and earnings of $1.67 per share, compared to the year-ago quarter of $42.4 billion and $1.42, respectively.

Analysts had expected revenue of $44.9 billion and earnings of $1.57 for the quarter.

The results sent Apple shares up more than 5% to a record $157.79 in after-hours trading Tuesday.

The June quarter is historically Apple’s slowest. As in most years, sales of the iPhone taper off in the spring and summer, as folks await a new model that debuts each fall. The next iPhone, reportedly sporting a major redesign and packed with new features such as facial recognition, is expected to be introduced in September.

During its third quarter, Apple sold 41 million iPhones and 11.4 million iPads, compared to 40 million iPhones and 9.9 million iPads in the year ago quarter.

August 1, 2017 0

Redfin stock climbs in tech-powered brokerage’s first day as public company

Redfin CEO Glenn Kelman rings the Nasdaq opening bell. (Nasdaq Photo)

UPDATE: Redfin stock increased close to 45 percent in the first day of trading, opening at $19.56 and closing at $21.70.

Redfin stock popped as it debuted on the Nasdaq exchange Friday morning, opening at close to $20 and climbing, well above the opening price of $15.

When the tech-powered real estate brokerage priced its stock at $15 in advance of its Wall Street trading debut this morning, it signaled strong interest on the part of investors. Redfin had planned to sell 9.23 million stocks at a range of $12 to $14. It is seeking to raise about $138 million through its IPO.

Redfin’s stock started trading around 8 a.m. Pacific, and about an hour and a half before, Redfin kicked off a new era as a public company by ringing the Nasdaq opening bell. A fired up Redfin CEO Glenn Kelman thanked employees and customers for helping the company get to this point, but added that it is only the beginning.

“We are excited to be here! This is a big day for Redfin. But it’s not just about going public, it’s not just about making money, it’s not just about building a great business, it’s about making real estate better for regular people,” he said. “We have done it our way, with real estate agents and software engineers working together as partners, where we are one Redfin.”

July 31, 2017 0

Discovery Communications said it’s buying Scripps Networks for $14.6 billion

By Camila DeChalus

6 Hours Ago

Discovery Communications announced on Monday that it is acquiring Scripps Networks Interactive for $14.6 billion.

The deal is expected to close by early 2018, and calls for Discovery to pay Scripps shareholders approximately $90 per share.

After merging, Discovery and Scripps will produce nearly “8,000 hours of original programming annually” and generate “a 7 billion short-form video streams monthly,” according to a Discovery statement. The two cable networks will gain $350 million in cost savings and will provide more international opportunities for Scripps’ business, Discovery said.

The companies said that they would create “a global leader in real life entertainment” and “accelerate growth across linear, digital and short-form platforms around the world.”

Scripps currently operates HGTV, Travel Channel and Food Network, among others, while Discovery runs channels including Discovery Channel, Animal Planet, TLC and OWN.

“This is an exciting new chapter for Discovery,” David Zaslav, president and CEO of Discovery Communications said. “Scripps is one of the best-run media companies in the world with terrific assets, strong brands, and popular talent and formats.”

“We believe that by coming together with Scripps, we will create a stronger, more flexible and more dynamic media company with a global content engine that can be fully optimized and monetized across our combined networks, products and services in every country around the world,” he added.

Viacom, the owner of MTV, Comedy Central, and Nickelodeon, had pursued an acquisition of Scripps Networks Interactive, according to Fox Business.

Discovery said that the two cable networks will gain $350 million in cost savings and will provide more international opportunities for Scripps’ business.

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